As Progress Software (PRGS) Market Value Declined, Tensile Capital Management Has Trimmed Position; Louisiana State Employees Retirement System Has Increased Its Chesapeake Energy (CHK) Position by $551,400

August 9, 2018 - By Gregory Tomko

Chesapeake Energy Corporation (NYSE:CHK) Logo

Tensile Capital Management Llc decreased its stake in Progress Software Corp (PRGS) by 47.38% based on its latest 2018Q1 regulatory filing with the SEC. Tensile Capital Management Llc sold 237,545 shares as the company’s stock declined 23.60% with the market. The hedge fund held 263,856 shares of the prepackaged software company at the end of 2018Q1, valued at $10.15M, down from 501,401 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Progress Software Corp for a number of months, seems to be less bullish one the $1.73B market cap company. The stock decreased 0.36% or $0.14 during the last trading session, reaching $38.31. About 154,004 shares traded. Progress Software Corporation (NASDAQ:PRGS) has risen 26.59% since August 9, 2017 and is uptrending. It has outperformed by 14.02% the S&P500. Some Historical PRGS News: 08/05/2018 – Progress Enables Developers to Quickly Add Chatbots to Apps Using the lndustry‚Äôs Leading Ul Tools — Telerik and Kendo Ul; 28/03/2018 – Progress Software 1Q EPS 27c; 04/05/2018 – Progress Software at Non-Deal Roadshow Hosted By Wedbush Today; 13/03/2018 – Progress Launches Al-Driven Chatbot, Progress NativeChat; 22/05/2018 – Progress Reveals Three Latest Progress Labs Innovation Projects; 06/03/2018 Progress Software Volume Surges More Than 18 Times Average; 28/03/2018 – PROGRESS SOFTWARE CORP SEES FY18 REVENUE $398 MLN TO $404 MLN; 29/05/2018 – Progress with Amazon Web Services Offer Industry’s First Industrial IoT Self-Service Option for Anomaly Detection and; 07/03/2018 – Praesidium Investment Management Has Reduced Progress Software Stake to Less Than 1%; 19/04/2018 – PROGRESS OPENEDGE ISVS REPORT JUMP IN CUSTOMER ACQUISITION; PROGRESS TECHNOLOGY, INNOVATION AND STRATEGY A DRIVING FACTOR

Louisiana State Employees Retirement System increased its stake in Chesapeake Energy Corp (CHK) by 334.18% based on its latest 2018Q1 regulatory filing with the SEC. Louisiana State Employees Retirement System bought 183,800 shares as the company’s stock rose 33.96% while stock markets declined. The institutional investor held 238,800 shares of the oil & gas production company at the end of 2018Q1, valued at $721,000, up from 55,000 at the end of the previous reported quarter. Louisiana State Employees Retirement System who had been investing in Chesapeake Energy Corp for a number of months, seems to be bullish on the $ market cap company. The stock decreased 1.34% or $0.04 during the last trading session, reaching $2.94. About 26.23M shares traded or Infinity% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 16.99% since August 9, 2017 and is downtrending. It has underperformed by 29.56% the S&P500. Some Historical CHK News: 03/05/2018 – ENVIVA PARTNERS – BELIEVE SUBSTANTIALLY COSTS RESULTING FROM CHESAPEAKE INCIDENT WILL BE RECOVERABLE THROUGH INSURANCE OR OTHER CONTRACTUAL RIGHTS; 08/03/2018 – Tellurian, Chesapeake Energy Held Talks on Louisiana Fields; 02/05/2018 – CHESAPEAKE SEES YR ADJ. TOTAL ABSOLUTE PRODUCTION 190-200 MMBOE; 18/04/2018 – Fitch Affirms All Ratings on Outstanding Chesapeake Funding II LLC Series; Outlooks Stable; 15/05/2018 – Chesapeake Almost Missed Out on Its Oil-Cranking Wyoming Play; 09/05/2018 – Community Bank of the Chesapeake is Casual for a Cause; 17/04/2018 – Fitch Rates Chesapeake Funding Il LLC, Series 2018-1; 28/03/2018 – CHESAPEAKE: MOVING 4TH RIG INTO POWDER RIVER BASIN IN APRIL; 02/05/2018 – Chesapeake Energy 1Q Adj EPS 34c; 18/05/2018 – Chesapeake Shareholders Didn’t Approve Resolution on Executive Compensation

Tensile Capital Management Llc, which manages about $504.77M and $667.18M US Long portfolio, upped its stake in Alteryx Inc by 249,892 shares to 490,822 shares, valued at $16.76 million in 2018Q1, according to the filing. It also increased its holding in Diamond Offshore Drilling (NYSE:DO) by 30,200 shares in the quarter, for a total of 465,200 shares, and has risen its stake in Equinix Inc (NASDAQ:EQIX).

Since April 19, 2018, it had 0 insider purchases, and 1 insider sale for $492,819 activity.

Investors sentiment increased to 1.57 in 2018 Q1. Its up 0.62, from 0.95 in 2017Q4. It increased, as 13 investors sold PRGS shares while 68 reduced holdings. 63 funds opened positions while 64 raised stakes. 40.00 million shares or 3.01% less from 41.24 million shares in 2017Q4 were reported. California State Teachers Retirement Systems reported 0.01% in Progress Software Corporation (NASDAQ:PRGS). Arizona State Retirement holds 0.03% or 73,150 shares. Commercial Bank Of New York Mellon Corporation stated it has 817,192 shares. Citadel Advsr Lc owns 232,207 shares. Acadian Asset Ltd Liability Com has invested 0.13% in Progress Software Corporation (NASDAQ:PRGS). Secor Cap Advsr LP owns 98,969 shares or 0.31% of their US portfolio. Systematic Financial Mngmt Limited Partnership accumulated 36,185 shares or 0.03% of the stock. Moreover, Ameritas Ptnrs has 0.01% invested in Progress Software Corporation (NASDAQ:PRGS) for 4,096 shares. Capital Fund Management Sa holds 0.01% in Progress Software Corporation (NASDAQ:PRGS) or 22,800 shares. Comml Bank Of Montreal Can holds 72,281 shares. The Connecticut-based Aqr Management Ltd Liability Com has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Dupont Cap Mngmt holds 0.01% in Progress Software Corporation (NASDAQ:PRGS) or 6,266 shares. Chicago Equity Prtn has 0.3% invested in Progress Software Corporation (NASDAQ:PRGS) for 243,632 shares. Td Asset accumulated 85,700 shares. 56,273 were accumulated by California Employees Retirement Sys.

More recent Progress Software Corporation (NASDAQ:PRGS) news were published by: Businesswire.com which released: “Bell and Howell Revolutionizes Field Service Delivery with Progress” on August 08, 2018. Also Investorplace.com published the news titled: “3 Cloud Stocks to Buy Right Now” on July 12, 2018. Globenewswire.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind Cal-Maine Foods, Enersys, Progress Software, Carvana, SendGrid, and …” with publication date: August 03, 2018 was also an interesting one.

Analysts await Progress Software Corporation (NASDAQ:PRGS) to report earnings on September, 26. They expect $0.50 EPS, up 21.95% or $0.09 from last year’s $0.41 per share. PRGS’s profit will be $22.51M for 19.16 P/E if the $0.50 EPS becomes a reality. After $0.50 actual EPS reported by Progress Software Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Progress Software Corporation had 15 analyst reports since October 2, 2015 according to SRatingsIntel. Wedbush maintained the stock with “Neutral” rating in Friday, October 2 report. Wedbush maintained the stock with “Hold” rating in Thursday, March 29 report. On Wednesday, January 18 the stock rating was maintained by Wedbush with “Neutral”. The firm has “Buy” rating given on Friday, January 15 by Benchmark. Benchmark downgraded Progress Software Corporation (NASDAQ:PRGS) on Thursday, March 8 to “Sell” rating. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Neutral” rating given on Friday, June 24 by Wedbush. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Tuesday, September 13. As per Tuesday, January 2, the company rating was maintained by Benchmark. The company was maintained on Thursday, January 11 by Benchmark. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Buy” rating given on Wednesday, January 18 by Benchmark.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Seekingalpha.com which released: “Chesapeake Energy’s Monumental Move” on July 30, 2018, also Seekingalpha.com with their article: “I’m Long (Again) Chesapeake Energy” published on July 23, 2018, Seekingalpha.com published: “Chesapeake Is Growing Production Rapidly In Lesser-Known Basins” on August 09, 2018. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Seekingalpha.com and their article: “Chesapeake: Still No Cash Flow Neutrality” published on August 01, 2018 as well as 247Wallst.com‘s news article titled: “Natural Gas Price Slips on Increase to Storage” with publication date: August 09, 2018.

Among 33 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 11 Sell and 15 Hold. Therefore 21% are positive. Chesapeake Energy Corporation had 100 analyst reports since July 21, 2015 according to SRatingsIntel. Tudor Pickering upgraded the shares of CHK in report on Tuesday, April 12 to “Hold” rating. The company was initiated on Wednesday, December 9 by JP Morgan. As per Wednesday, September 13, the company rating was maintained by Stifel Nicolaus. ValuEngine downgraded the shares of CHK in report on Monday, May 29 to “Sell” rating. Deutsche Bank maintained it with “Hold” rating and $5 target in Friday, March 11 report. The rating was downgraded by Macquarie Research to “Underperform” on Wednesday, June 21. Barclays Capital maintained Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, August 16 with “Underweight” rating. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Hold” rating by Wunderlich on Thursday, January 28. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Buy” rating by Vetr on Monday, September 21. Citigroup maintained the stock with “Sell” rating in Monday, July 30 report.

Investors sentiment increased to 1.28 in Q1 2018. Its up 0.24, from 1.04 in 2017Q4. It is positive, as 69 investors sold CHK shares while 74 reduced holdings. 62 funds opened positions while 121 raised stakes. 516.33 million shares or 5.93% less from 548.86 million shares in 2017Q4 were reported. Guardian Life Insur Co Of America reported 2,059 shares. Joel Isaacson And Limited Liability reported 11,314 shares. Rampart Investment Mgmt Ltd Liability Corp holds 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 22,097 shares. Bluecrest Management owns 423,357 shares for 0.04% of their portfolio. 15,305 are held by Advisory Research. Ameritas Investment Ptnrs Inc reported 270,592 shares or 0.04% of all its holdings. Lpl Fin Limited Liability Corp reported 130,837 shares or 0% of all its holdings. Earnest Ptnrs Lc stated it has 0% in Chesapeake Energy Corporation (NYSE:CHK). Vantage Inv Llc owns 3,097 shares. New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.07% in Chesapeake Energy Corporation (NYSE:CHK). 31,127 are owned by Cibc Asset Mgmt Inc. New Mexico Educational Retirement Board has 0.04% invested in Chesapeake Energy Corporation (NYSE:CHK). M&T Natl Bank reported 16,447 shares. Alphaone Lc reported 0% in Chesapeake Energy Corporation (NYSE:CHK). San Francisco Sentry Inv Group Incorporated (Ca) stated it has 12,550 shares.

Louisiana State Employees Retirement System, which manages about $2.19 billion US Long portfolio, decreased its stake in Ipg Photonics Corp (NASDAQ:IPGP) by 7,200 shares to 2,300 shares, valued at $537,000 in 2018Q1, according to the filing. It also reduced its holding in Nektar Therapeutics (NASDAQ:NKTR) by 57,900 shares in the quarter, leaving it with 9,800 shares, and cut its stake in Boyd Gaming Corp (NYSE:BYD).

Progress Software Corporation (NASDAQ:PRGS) Institutional Positions Chart

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